Test Bank for Corporate Financial Accounting 16th Edition by Carl S. Warren and Jeff Jones

TEST BANK
B




Corporate Financial Accounting, 16th Edition
B B B B




by Carl S. Warren Jeff Jones, All Chapters 1 - 14, Complete
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, Chapter 1:Introduction to Accounting and Business
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Chapter 2:Analyzing Transactions
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Chapter 3:The Adjusting Process
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Chapter 4:The Accounting Cycle
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Chapter 5:Accounting for Retail Businesses
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Chapter 6:Inventories
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Chapter 7:Internal Control and Cash
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Chapter 8:Receivables
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Chapter 9:Long-Term Assets: Fixed and Intangible
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Chapter 10:Liabilities: Current, Installment Notes, and Contingencies
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Chapter 11:Liabilities: Bonds Payable
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Chapter 12:Corporations: Organization, Stock Transactions, and Dividends
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Chapter 13:Statement of Cash Flows
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Chapter 14:Financial Statement Analysis
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,ChapterB01B-BAccountingBandBBusiness

1. ABcorporationBisBaBbusinessBthatBisBlegallyBseparateBandBdistinctBfromBitsBowners.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's:BRemembering
QUESTIONBTYPE: TrueB/BFalse
HASBVARIABLES: False
LEARNINGBOBJECTIVES: FNMN.WAJO.19.01B 01B-BLO:B01-01
ACCREDITINGBSTANDARDS:B ACCT.ACBSP.APC.03B-BBusinessBForms
ACCT.AICPA.BB.01B-BIndustry
ACCT.AICPA.FN.03B-
BMeasurementBBUSPROG:BAnalytic


DATEBCREATED: 7/26/2017B4:27BPM
DATEBMODIFIED: 10/16/2017B3:33BPM

2. TheBroleBofBaccountingBisBtoBprovideBmanyBdifferentBusersBwithBfinancialBinformationBtoBmakeBeconomicBdecisions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Bloom's:BRemembering
QUESTIONBTYPE: TrueB/BFalse
HASBVARIABLES: False
LEARNINGBOBJECTIVES: FNMN.WAJO.19.01B 01B-BLO:B01-01
ACCREDITINGBSTANDARDS:B ACCT.ACBSP.APC.01B-BPurpose
ACCT.AICPA.FN.03B-
BMeasurementBBUSPROG:BAnalytic


DATEBCREATED: 7/26/2017B4:27BPM
DATEBMODIFIED: 10/16/2017B3:33BPM

3. AccountingBinformationBusersBneedBreportsBaboutBtheBeconomicBactivitiesBandBconditionBofBbusinesses.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's:BRemembering
CopyrightBCengageBLearning.BPoweredBbyBCogner PageB3
o.

, QUESTIONBTYPE: TrueB/BFalse
HASBVARIABLES: False
LEARNINGBOBJECTIVES: FNMN.WAJO.19.01-01B-BLO:B01-01
ACCREDITINGBSTANDARDS:B ACCT.ACBSP.APC.01B-BPurpose
ACCT.AICPA.BB.01B-BIndustry
ACCT.AICPA.FN.03B-
BMeasurementBBUSPROG:BAnalytic


DATEBCREATED: 7/26/2017B4:27BPM
DATEBMODIFIED: 10/16/2017B3:33BPM

4. ManagerialBaccountingBinformationBisBusedBbyBexternalBandBinternalBusersBequally.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's:BRemembering
QUESTIONBTYPE: TrueB/BFalse
HASBVARIABLES: False
LEARNINGBOBJECTIVES: FNMN.WAJO.19.01B 01B-BLO:B01-01
ACCREDITINGBSTANDARDS:B ACCT.ACBSP.APC.01B-BPurpose
ACCT.ACBSP.APC.25B-BManagerialBCharacteristics/TerminologyBACCT.AICPA.FN.03B-
BMeasurement

BUSPROG:BAnalytic
DATEBCREATED: 7/26/2017B4:27BPM
DATEBMODIFIED: 10/16/2017B3:33BPM

5. SeniorBexecutivesBcannotBbeBcriminallyBprosecutedBforBtheBwrongBdoingsBtheyBcommitBonBbehalfBofBtheBcompaniesBwh
ereBtheyBwork.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's:BRemembering
QUESTIONBTYPE: TrueB/BFalse
HASBVARIABLES: False
LEARNINGBOBJECTIVES: FNMN.WAJO.19.01B 01B-BLO:B01-01
ACCREDITINGBSTANDARDS:B ACCT.ACBSP.APC.01B-BPurpose
ACCT.AICPA.BB.03B-BLegal
ACCT.AICPA.FN.03B-
BMeasurementBBUSPROG:BEthics


DATEBCREATED: 7/26/2017B4:27BPM
DATEBMODIFIED: 10/16/2017B3:33BPM


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o.